The stock price of Mister Car Wash Inc (NYSE: MCW) has surged by 4.87 when compared to previous closing price of 6.98, but the company has seen a 6.24% gain in its stock price over the last five trading sessions. Market Watch reported 2024-05-03 that JPMorgan Chase on Friday boosted its rating on Mister Car Wash Inc. and cut its view on rival Driven Brands Holdings Inc. as analysts sifted through the latest results from the two car-service retailers.
Is It Worth Investing in Mister Car Wash Inc (NYSE: MCW) Right Now?
Mister Car Wash Inc (NYSE: MCW) has a higher price-to-earnings ratio of 31.83x compared to its average ratio, The 36-month beta value for MCW is at 1.67. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MCW is 309.60M, and currently, shorts hold a 3.99% of that float. The average trading volume for MCW on May 06, 2024 was 1.46M shares.
MCW’s Market Performance
MCW’s stock has seen a 6.24% increase for the week, with a 5.02% rise in the past month and a -15.77% fall in the past quarter. The volatility ratio for the week is 5.34%, and the volatility levels for the past 30 days are at 3.94% for Mister Car Wash Inc The simple moving average for the past 20 days is 7.52% for MCW’s stock, with a -0.34% simple moving average for the past 200 days.
Analysts’ Opinion of MCW
Many brokerage firms have already submitted their reports for MCW stocks, with JP Morgan repeating the rating for MCW by listing it as a “Overweight.” The predicted price for MCW in the upcoming period, according to JP Morgan is $8.50 based on the research report published on May 03, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see MCW reach a price target of $11. The rating they have provided for MCW stocks is “Buy” according to the report published on March 19th, 2024.
JP Morgan gave a rating of “Neutral” to MCW, setting the target price at $9.50 in the report published on February 16th of the current year.
MCW Trading at 0.38% from the 50-Day Moving Average
After a stumble in the market that brought MCW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.31% of loss for the given period.
Volatility was left at 3.94%, however, over the last 30 days, the volatility rate increased by 5.34%, as shares surge +6.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.15% lower at present.
During the last 5 trading sessions, MCW rose by +6.24%, which changed the moving average for the period of 200-days by -20.61% in comparison to the 20-day moving average, which settled at $6.83. In addition, Mister Car Wash Inc saw -15.28% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MCW starting from Chimienti Mayra Idali, who sale 35,000 shares at the price of $7.05 back on Mar 15 ’24. After this action, Chimienti Mayra Idali now owns 270,523 shares of Mister Car Wash Inc, valued at $246,750 using the latest closing price.
Lai John Lo-minn, the Chief Executive Officer of Mister Car Wash Inc, sale 23,161 shares at $7.69 during a trade that took place back on Mar 05 ’24, which means that Lai John Lo-minn is holding 2,622,146 shares at $178,108 based on the most recent closing price.
Stock Fundamentals for MCW
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.65 for the gross margin
The net margin for Mister Car Wash Inc stands at 0.08. The total capital return value is set at 0.06. Equity return is now at value 8.61, with 2.68 for asset returns.
Based on Mister Car Wash Inc (MCW), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 1.04. The interest coverage ratio of the stock is 2.24.
Currently, EBITDA for the company is 248.26 million with net debt to EBITDA at 7.95. When we switch over and look at the enterprise to sales, we see a ratio of 4.35. The receivables turnover for the company is 38.91for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.30.
Conclusion
In conclusion, Mister Car Wash Inc (MCW) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
